Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Regional Vice President of Sales The Retirement Plan Company
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Bates & Company, Inc.
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Compass
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Loan & Distribution Specialist AimPoint Pension
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AimPoint Pension
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Reporting Lifetime Retirement Income for DC Plan Participants Can Be Simple and Effective
Russell Investments Apr. 17, 2017 "[W]hat [Bob Collie has] long argued for is the addition of a lifetime income equivalent alongside the existing account balance.... A simple and objective way to calculate this lifetime income equivalent is by providing an estimate of how much income an individual's current account balance would buy in the immediate annuity market at today's interest rates for an older version of themselves who has reached retirement.... Legislation reintroduced recently in Congress is the latest attempt to push forward the reporting of lifetime retirement income in 401(k) plans and other defined contribution arrangements." |
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